Albemarle requested an increase of 258,446 metric tons of Metallic Lithium Equivalent but the government says the information provided was not sufficient to justify the increase.
Latin America Mining News
Bolivia will choose a new junior partner to help industrialize its lithium deposits from among seven companies that submitted proposals.
The Chilean miner has been seeking a buyer for all or part of itself to raise $1 billion to dig for copper and gold in two of its mines in the country's north.
The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .
Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.
The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.
The project, known as the Salobo 3, is expected to add about 50,000 tonnes to the open-pit mine’s current capacity of 200,000 tonnes of copper per year
The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.
Peru has the potential to overtake Chile to become the world’s biggest copper producer, but it’s being held back by a lack of infrastructure and a ten-fold increase in permitting in the last seven years
The agreement protects Canada's automotive industry from potentially devastating U.S. tariffs.
Changes to an existing provincial law propose a new Special Mining Rate.
The recently-created Directorate for Mining Promotion and Sustainability will be in charge of identifying the regions with the mining highest potential.
For the 12 months to June, SolGold's pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before.
Albemarle aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric vehicles and consumer goods.
The approval process for the necessary environmental permit for the initiative, which includes an investment of $527 million, began this month.
The ENAPAC project is meant to serve mainly the mining industry, which is very active in Chile’s dry, but copper and lithium-rich north.
Barrick’s South America team “will be focused not only on bringing to account and dealing with the challenges around Pascua-Lama and Veladero,’’ but also on expanding assets and partnerships in Peru, Bristow said.
The illegal action saw a group of locals spend seven days blocking the only access to the mine in protest for what they call “repetitive abuse” to community members and increasing pollution of their land and only water source.
The Vancouver-based miner said it has signed a non-exclusive letter of interest to form a JV with an undisclosed local company on claims where manganese mineralization has been proven.
The country' Supreme Court ruled Monday that Law 9, used to grant the mining concession for Cobre Panama copper project, was unconstitutional.
Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.
The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.
But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.
A fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished.